Carvana Co. Class A (CVNA)

With the long sale of some General Motors , adds to ,  and shorts, and with new short -- I added to my net short exposure today. In weighting terms I am between medium and large-sized net short.  Thanks for reading my Diary today - I hope it held so...

I just reshorted Carvana at $274.85.  This is the second time on the short side: the first try was profitable.  Carvana is on my Best Ideas list (short).  

Market breadth currently a bit less than 2-1 positive.  Speculative activity continues apace - actually running amok! - though, as I observed, some previous large cap tech leaders ( , and ) are cooling off.  Homebuilders conspicuously weak - red in ...

* Speculators are moving away from the large cap high beta names like TSLA, CVNA and ZM now * TSLA could get hit on early January tax selling * And then there is my short investment thesis!  I am observing a deflating in a basket of larger cap specu...

* A host of companies and industries have benefited from a pull forward in sales  Late yesterday Jim "El Capitan" Cramer wrote: "Here Comes the 'Pent-Up Demand' Bull Market"  Jim highlighted automobiles, retail and technology, among other industries...

* I went large-sized net short yesterday * Bonds were conspicuously weak, I remain short  Jim "El Capitan" Cramer liked what he saw yesterday: See Jim Cramer: A Great Market Is One That Can Ignore Negative News Entirely (3:24 pm post by Jim).  But, ...

* Yesterday may have represented a classic "sell on the good news" * While many were cheering about the vaccine news, I was waiting to sell, red tickets in hand * Some stocks and sectors had a great year yesterday * And some stocks and sectors got s...

* Moved to small net long in exposure! * Reward vs. risk has deteriorated as today's market move borrows from future gains * A classic sell on the news opportunity?   * Established a short hedge - between medium and large-sized - at $363-$365 * Sold...

* The Nasdaq rose by 300 handles and the S&P advanced by 67 handles * The market was easy to dance to and had a good beat- I give this trading day a "95" "My name is Dougie Kass and I am 19. I am from Rockville Centre, Long Island, and I rate this t...

* Mr. Market often does its best to confound the most investors * It may be doing it again, right now * I am large net long   The most distinguishing feature of today's market action (nearly three-to-one advancers over decliners) was the excellent p...

Again, the pivot from growth to value is conspicuous this morning.  Look at strength in "value" stocks like Caterpillar , Smucker , selected financials and ETFs, like and .  By contrast, growthy names like Apple , Amazon , Zoom , and Carvana are wea...

For emphasis.  As mentioned in the Comments Section on Friday and, again, in today's opening missive I am back to medium-sized in Alphabet  - after buying more at $1610 Friday.  And I am small-size in shorts: Zoom , Apple , Carvana , and Square . I ...

I am emboldened on the pivot to value, after the release (and market response) to the earnings results at Twitter , Apple , Facebook , Alphabet and Amazon .   Google rallied back to +$140 (in after hours), and I have sold my position down to small-s...

I was active trading yesterday:  * I took a long rental. * I added to , , , , , , , and longs. * I covered small (still medium-sized), (from large-sized to medium-sized), (still medium-sized) and (still medium-sized) shorts. __________  Long GOOGL (...

* And covering small in individual shorts  DJIA, Nasdaq and S&P, down -900 -350 and -100, respectively. My reaction? I am buying more , , , , , and in the last 30 minutes. I have covered small in (still medium-sized), (from large-sized to medium-siz...

* Especially into next Tuesday's election * I end the day between small-to medium-sized net short in exposure (but closer to small!) I end the day with large and put positions (having covered all my Index shorts -- for a nice profit -- into the whoo...

* The technical and fundamental signposts could be spelling near term problems ahead * Yesterday I moved to a medium-sized short exposure - adding to and initiating more short positions * I have a negative short and intermediate term market view  "A...

A lot to discuss -- the markets' reasonably large drop from the day's highs, Netflix's  very weak subscriber adds (and $32/share drop in the after hours), Snap's good usage numbers (and its salutary impact on Twitter's shares after the close (up $3/...

* Long GM/Short CVNA that is  Two weeks ago I put on this pairs trade:  Oct 06, 2020 ' 09:50 AM EDT DOUG KASS Putting on a New Pairs Trade I am already long a large position in General Motors  .  I am now putting on a "pairs trade" (on top of that l...